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Q309. With reference to India, consider the following: 1. Nationalization of Banks 2. Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which of the above can be considered as steps taken to achieve the “financial inclusion” in India?

With reference to India, consider the following:

  1. Nationalization of Banks
  2. Formation of Regional Rural Banks
  3. Adoption of villages by Bank Branches Which of the above can be considered as steps taken to achieve the “financial inclusion” in India?
Select the correct option below (or cross out options to eliminate)

Official Answer Key & Detailed Solution

Ready to check the official UPSC Answer Key?

Click any option above to test yourself under exam conditions, or reveal the explanation directly.

Official UPSC Answer KeyUPSC Prelims 2010 • Indian Economy

Correct Answer: Option (D) — 1, 2 and 3

Concept & Option Breakdown

Standard Reference Verified

Financial inclusion involves ensuring access to formal financial services for vulnerable and unbanked populations.

  • 1 is correct: Bank nationalisation (1969 & 1980) directed banking operations towards rural branch expansion and priority sector lending.
  • 2 is correct: Regional Rural Banks (RRBs) were established in 1975-76 to provide institutional credit to rural artisans, marginal farmers, and agricultural labor.
  • 3 is correct: Under the Lead Bank Scheme / Service Area Approach, specific bank branches adopted villages to extend banking and credit services systematically.
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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2010 (Q309)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Banking & Financial System
Official Answer KeyOption (D) — 1, 2 and 3

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Frequently Asked Questions — UPSC Prelims 2010 Q309

What is the official answer for UPSC Prelims 2010 GS Paper I Question 309 (Indian Economy)?

The official UPSC answer key for this 2010 Indian Economy (Banking & Financial System) question is Option (D): "1, 2 and 3". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2010 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Banking & Financial System". You can explore all repeated questions from Banking & Financial System in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Banking & Financial System UPSC Prelims question using option elimination?

To solve Banking & Financial System questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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